Finserv Reading - Week ending June 2, 2024

Bijon Mehta Bijon Mehta

Bijon Mehta

Chief Operating Officer I Enterprise Software I Adjunct Professor @ Fordham University

发布日期: 2024年6月3日
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Banking

Goldman Sachs pulls in more than $20 billion to invest in private credit

Hackers claim to have bank account details of 30 million Santander customers

NatWest outage leaves customers fuming

The?rise of neobanks: Reshaping traditional and alternative financing

FDIC-insured institutions reported net income of $64.2 billion?

Capital One scales banking's Mount Improbable

Banks are wise to monetize data as open banking evolves

Nubank dethrones Itau to become most valuable Latin America bank

Starling investor targets GBP 10 billion valuation for digital lender

BoA's investment banking unit on track for 15% growth, CEO says

What next in the future of open banking?

Is open banking living up to expectations?

Cross-border bank mergers should be easier in Europe, says ECB's Villeroy

Regional lender Bank OZK plunges as Citi turns bearish

The CRE non-crisis rolls on


Wall Street

London moves to revive its reputation as a?financial hub

Wall Street lands on India, looking for profits it can't find in China

London stock market bucks IPO drought with rush of follow-on deals

Boom in US penny stock trading prompts warning of frothy markets

Market maker Citadel Securities lures Goldman Sachs veteran Jim Esposito to its ranks


Economy?

ECB is ready to start cutting interest rates, says chief economist

The man who would help Trump upend the global economy

What penny-pitching baby-boomers mean for the world economy

Four reasons investors are optimistic despite threats to global economy

Experts call for new Bretton Woods system amid global economic challenges


Geopolitics

Saudi Arabia eyes a?future beyond oil

Copper: how to join the party

Tariffs are more than just taxes. They are a?tool of geopolitics.

The next wave of AI hype will be geopolitical. You're paying

The new reality of energy geopolitics in Eurasia?

Geopolitics is an essential input for portfolios

Red Sea geopolitical challenge amid Gaza conflict: Russia's impact

The new arctic frontier: Geopolitical competition and militarization of the arctic


Asset Management

Bill Ackman eyes IPO of Pershing Square

The valuation mystery

Hedge funds double down on a crowded trade

How more asset managers are getting their claws into insurance portfolios?


Wealth Management??

Goldman weighs internal bounties to drive wealth management

With this app, I saved $5,000 without even thinking about it

The Great Wealth Transfer: Three trends reshaping wealth management

Digital platforms: Shaping the future of wealth management

401(k)? millionaires hit a new record. Here's how long it took.


Insurance

Insurer innovation and the future of fintech

Reimagining the claims ecosystem through digital transformation

Is Garmin selling your data to insurers?

Home insurance is clobbering consumers. Yet it's barely counted in inflation.

Global premium income posts highest growth rate since 2006


Real Estate???

US home prices hit another record high in March

Realtors 'running out of money' as housing market struggles

Wall Street buyers didn't create the housing market crisis

Mortgage applications fell as US housing market gets uglier

Commercial property meltdown clobbers pension funds


Payments?

Illinois passes limits on payment card interchange fees

New MX study finds 64% of US consumers prefer to pay bills manually each month

73% of businesses struggle with payment delays

PayPal is planning an ad business using data on its millions of shoppers

Capital One and Walmart announce end of consumer card partnership agreement

'Buy Now, Pay Later' borrowers get more safeguards with new rule

American Express zooms ahead as Gen Z gets hooked on card rewards


Venture Capital / Private Equity

Saudi fund invests in China effort to create rival to OpenAI

Investor TCV raises $3 billion to back growth-stage start-ups

Higher rates have changed the game for private equity

Steve Jurveston's Future Ventures targets AI with $169 million fund

Rethinking value creation in private equity

PE's largest funds may have a performance issue


AI / ML

4 types gen AI risk and how to mitigate them

OpenAI says Russia and China used its AI in covert campaigns

Salesforce spins itself as an AI revolution winner as Wall Street grows dizzy

AI's biggest promise for consumers remain just that - a promise

The AI revolution is already losing steam

AI is driving 'the next industrial revolution.' Wall Street is cashing in.

Elon Musk closes $6 billion financing for OpenAI challenger xAI

How GenAI is transforming motor insurance claims

Big techs budding AI monopoly?

From AI hype to real value

AI as the new frontier: Empowering credit unions for future growth

Apple getting a once in a decade secret weapon in AI-enabled 'intelliphone'

The aggregator on steroids with AI

AI training data has a price tag that only big tech can afford

Big tech invests billions in AI data centers globally

How AI can help asset managers do their jobs


ESG / Climate Change

Sustainability-linked bonds falter amid credibility concerns

Steven Chu: 'Wall Street analyst are totally amoral' on climate

Images of climate change that cannot be missed

'Every fraction of a degree matters': Why climate change needs a new narrative

How AI can lift climate change research out of the lab and into the real world

Why any estimate of the cost of climate change will be flawed

How is climate change affecting heat in the West?

Climate change caused 26 extra days of extreme heat in last year

Asset managers with ESG mandates brace for fallout of UK review

Impact investing vs ESG: which produces the better results?

Five trends that will define the global power markets in the next 10 years

Global gas market to grow 50% amid energy transition

Blackstone, Vista bet on software's role in energy transition


Bigtech?

Salesforce darkens the skies for cloud software as AI threat looms

Big tech is weighing on the S&P 500 today

Big tech agrees to AI kill switch policy

China court rules in favor of Apple in case involving controversial app store fees

Platform thinking: What established firms can learn from big tech and digital start-ups


Fintech??

Why fintech upstarts have failed to unseat UK banks

The demise of BaaS fintech Synapse could derail the funding prospects for other startups

The Jio financial services threat to fintech startups

Stripe curbs India ambitions over regulatory changes

Japan's fintech awakening: Navigating demographic shifts with financial technology


Blockchain / Crypto?

Blackrock's $20 billion IBIT becomes world's largest bitcoin ETF

Crypto exchange Gemini returns $2.2 billion to users

JPMorgan cast doubt on SEC approval for Solana and other crypto ETFs

How blockchain tokenization is changing asset management

Tokenization of real estate

The inevitable future of the global financial system is tokenization

85+ blockchain statistics


Regulation / Compliance??

Why regulation should be seen as an enabler of innovation

Private equity giants near settlements with SEC over texting violations

SEC finalizes cybersecurity rules

SEC's Hester Pierce proposes US-UK crypto regulatory cross-border sandbox

CFPB issues interpretive rule likening BNPL accounts to credit cards


Corporate Venture / Innovation? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?

How to develop an intrapreneurial culture

Microsoft steadily ramps up generative AI innovation and monetization

China's quixotic quest to innovate

Are Google, Meta and Amazon's AI tools hampering innovation?


Personal Development / Leadership?

Character is fate: 10 habits that will help you to live and be better

What are your rules for life? These 11 expressions from (ancient history) might help

21 quotes that (if applied) change you into a better person

Here's how to give thanks - not once a year - but every day

How to conquer your biggest fear

The six dimensions of winning teams

How to manage critical conversations

Can you master the inner game of leadership?


Podcasts / Videos??

Jerry Seinfeld on the rules of comedy - and life

Bill Ackman: An activist investor on challenging the status quo

How to make your leadership potential more visible

Ray Dalio shares investment, career insights

Hamdi Ulukaya Fireside Chat

Adam Grant: 5 weird success facts most people don't know?

Jocko Podcast: Arnold Schwarzenegger - Work Hard and Be Useful.?

GS Exchanges: Can private equity bounce back?


Speeches / Communications

Piero Cipollone, Member of the Board of the ECB: "Europe's tragedy on the horizon - the green transition and the role of the ECB"

Christopher Walker, Mem. of the Board of the FedRes; "Welcoming remarks on the international roles of the US dollar"


Research Reports??

?BIS: Next generation correspondent banking

Kearney: Are you AI ready?

UBS: Positioning for a broadening AI rally

Why and how is the power of big tech increasing in the policy process? The case of GenAI?

Databricks: State of Data?+ AI

CapGemini: GenAI Playbook

CapGemini: Prompt the Future of Finance

McK; The state of AI in early 2024

CSET: Putting Teeth into AI Risk Management

TCS: AI for Business Study

Science in the Age of AI

How to integrate AI into an existing investment process

UK House of Commons: Governance of AI

Emerging risks and opportunities of generative AI for banks

WEF: Chief Economists Outlook 2024

InvestEurope: Private Equity ast Work

SIFMA: US Financial Institutions - 1Q24

Accenture: Rise of the GCC as a Reinvention Engine

KPMG: Digital money market perspectives from across the digital assets ecosystem

EY: PE/VC Roundup

Deloitte: Managing the risk of ESG misconduct

Deloitte: Serial acquirers - Getting your ducks in a row

Deloitte: A spotlight on emerging approaches to bank transition planning

Deloitte: Banking as a Service

Deloitte: Cloud's Third Wave

CitiGPS: Ten Disruptive Techs To Keep You Up At Night

Rapyd: 2024 State of Payments

BIS: Building a more diverse suptech ecosystem

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